Debt Presentation as of December 31, 2014

Transcription

1 Debt Presentation as of December 31, 2014

2 Total Debt History (2)(3) Million Dollars (5) (3) 1,151 1,149 1,149 1,153 1, , ,252 1,262 1,258 1,257 1, , ,066 1,075 1,072 1,076 1,092 1,328 1,185 1,171 1,166 1,165 1,151 1,107 Mar'12 Jun'12 Sep'12 Dic'12 Mar'13 Jun'13 Sep'13 Dec'13 Mar'14 Jun'14 Sep'14 Dec'14 Total Debt excluding Accounts Receivable Financing Program Total Accounts Receivable Financing Program (1) Nominal pesos at the end of each period converted into dollars using the exchange rate at the end of each respective period (2) Total net debt includes Net Accounts Receivable Financing Program due to changes in Mexican FRS (3) Consummated the Concurso Plan; issued Notes due 2018 ( Notes 2018 ) and Mandatory Convertible Debentures ( MCDs ) due 2015 (4) As a result of the initiation of Concurso proceedings in the Commercial Courts of Madrid, Vitro Cristalglass, all of its debt was deconsolidated (5) On April 2013, issued New Notes due 2015 to Fintech and on September 2013 announced the redemption of 100% MCDs. 2

3 Total Net Debt History (2)(3) Million Dollars (3) 1, ,083 1,083 1,033 1, , (5) 1, , ,124 1, ,080 1, ,009 1, ,121 1,039 1,071 1,032 1, ,009 Mar'12 Jun'12 Sep'12 Dic'12 Mar'13 Jun'13 Sep'13 Dec'13 Mar'14 Jun'14 Sep'14 Dec'14 Total Accounts Receivable Financing Program net of cash reserves in trusts Total Net Debt excluding Accounts Receivable Financing Program (1) Nominal pesos at the end of each period converted into dollars using the exchange rate at the end of each respective period (2) Total net debt includes Net Accounts Receivable Financing Program due to changes in Mexican FRS (3) Consummated the Concurso Plan; issued Notes due 2018 ( Notes 2018 ) and Mandatory Convertible Debentures ( MCDs ) due 2015 (4) As a result of the initiation of Concurso proceedings in the Commercial Courts of Madrid, Vitro Cristalglass, all of its debt was deconsolidated (5) On April 2013, issued New Notes due 2015 to Fintech and on September 2013 announced the redemption of 100% MCDs. 3

5 Amortization Schedule (1) Total Debt = US$ 1, Short Term Current Maturities of LT Long Term (1) On February 23, 2012, Vitro consummated the Concurso Plan and completed its debt restructuring issuing its Notes 2018 and MCDs and paid a cash restructuring fee. 5

6 Short Term Debt Schedule (1) Short Term Debt Profile = US$ Jul14 - Sep14 Oct14 - Dic14 Ene15 - Mar15 Abr15 - Jun15 Short Term Market (Short Term) Current Maturities of LT (1) Due to Vitro s accomplishment on the Concurso Plan, all short term debt is operating companies debt. 6

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